ONGC in Talks to buy Canada Oil Sands Co., may Increase Kazakhstan Investments to offset Production Decline

05.05.2011
    Oil & Natural Gas, India’s biggest energy explorer, is in talks to acquire oil sands reserves in Canada and may increase its investments in Kazakhstan to help offset declining production.     “Discussions are going on at good speed” in Canada, chairman and managing director AK Hazarika said in an interview at...